OraSure Ebit vs Net Income Analysis

OSUR Stock

USD 4.08 0.03 0.73%

OraSure Technologies financial indicator trend analysis is much more than just breaking down OraSure Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OraSure Technologies is a good investment. Please check the relationship between OraSure Technologies Ebit and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OraSure Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in OraSure Stock, please use our How to Invest in OraSure Technologies guide.

Ebit vs Net Income

Ebit vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OraSure Technologies Ebit account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between OraSure Technologies' Ebit and Net Income is 0.9. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Net Income in the same time period over historical financial statements of OraSure Technologies, assuming nothing else is changed. The correlation between historical values of OraSure Technologies' Ebit and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of OraSure Technologies are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Ebit i.e., OraSure Technologies' Ebit and Net Income go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Ebit

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in OraSure Technologies financial statement analysis. It represents the amount of money remaining after all of OraSure Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from OraSure Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OraSure Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OraSure Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in OraSure Stock, please use our How to Invest in OraSure Technologies guide.As of 12/13/2024, Selling General Administrative is likely to drop to about 33 M. In addition to that, Tax Provision is likely to drop to about 1.7 M

	2021	2022	2023	2024 (projected)
Interest Expense	16.3M	10.4M	12.0M	6.7M
Depreciation And Amortization	11.7M	14M	20.9M	22.0M

Interest Expense Depreciation And Amortization

OraSure Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Common Stock
Total Assets		0.74	0.85	0.83	1.0	0.9	-0.72	0.13	0.75	0.74	0.83	0.59	0.86	0.86	0.71	0.94	0.79	0.45	0.95	0.88	0.85	0.98	-0.03	-0.31	0.31	0.89
Short Long Term Debt Total	0.74		0.69	0.83	0.71	0.82	-0.49	-0.18	0.76	0.51	0.63	0.6	0.5	0.74	0.76	0.81	0.81	0.71	0.77	0.84	0.84	0.72	0.3	-0.03	-0.05	0.56
Other Current Liab	0.85	0.69		0.84	0.83	0.85	-0.41	0.2	0.75	0.44	0.79	0.66	0.63	0.86	0.63	0.83	0.7	0.6	0.76	0.86	0.75	0.8	-0.26	-0.31	0.5	0.82
Total Current Liabilities	0.83	0.83	0.84		0.78	0.9	-0.32	-0.07	0.95	0.35	0.84	0.87	0.46	0.9	0.71	0.83	0.9	0.82	0.8	0.99	0.83	0.75	0.17	-0.04	0.27	0.71
Total Stockholder Equity	1.0	0.71	0.83	0.78		0.88	-0.76	0.16	0.7	0.77	0.81	0.54	0.9	0.84	0.69	0.92	0.76	0.38	0.94	0.84	0.83	0.98	-0.06	-0.34	0.31	0.89
Property Plant And Equipment Net	0.9	0.82	0.85	0.9	0.88		-0.57	0.11	0.82	0.6	0.85	0.73	0.66	0.78	0.62	0.94	0.81	0.66	0.83	0.94	0.94	0.84	0.1	-0.19	0.14	0.8
Net Debt	-0.72	-0.49	-0.41	-0.32	-0.76	-0.57		-0.1	-0.21	-1.0	-0.35	-0.01	-0.93	-0.36	-0.39	-0.7	-0.4	0.09	-0.72	-0.41	-0.64	-0.8	-0.02	0.43	0.19	-0.57
Retained Earnings	0.13	-0.18	0.2	-0.07	0.16	0.11	-0.1		0.02	0.12	0.02	0.01	0.21	0.06	-0.42	0.11	0.05	-0.07	-0.19	-0.03	0.17	0.16	-0.63	-0.66	0.25	0.54
Accounts Payable	0.75	0.76	0.75	0.95	0.7	0.82	-0.21	0.02		0.25	0.73	0.95	0.35	0.9	0.61	0.71	0.95	0.84	0.7	0.94	0.79	0.69	0.11	-0.14	0.26	0.7
Cash	0.74	0.51	0.44	0.35	0.77	0.6	-1.0	0.12	0.25		0.36	0.04	0.93	0.39	0.36	0.73	0.44	-0.04	0.72	0.45	0.69	0.82	0.02	-0.43	-0.2	0.61
Non Current Assets Total	0.83	0.63	0.79	0.84	0.81	0.85	-0.35	0.02	0.73	0.36		0.69	0.54	0.73	0.72	0.79	0.62	0.56	0.79	0.85	0.64	0.7	0.1	0.11	0.45	0.7
Non Currrent Assets Other	0.59	0.6	0.66	0.87	0.54	0.73	-0.01	0.01	0.95	0.04	0.69		0.15	0.76	0.51	0.54	0.81	0.81	0.53	0.84	0.64	0.5	0.04	-0.07	0.28	0.55
Cash And Short Term Investments	0.86	0.5	0.63	0.46	0.9	0.66	-0.93	0.21	0.35	0.93	0.54	0.15		0.57	0.51	0.79	0.48	-0.01	0.82	0.55	0.66	0.91	-0.15	-0.48	0.18	0.77
Net Receivables	0.86	0.74	0.86	0.9	0.84	0.78	-0.36	0.06	0.9	0.39	0.73	0.76	0.57		0.7	0.79	0.91	0.68	0.82	0.91	0.75	0.84	-0.08	-0.25	0.46	0.8
Common Stock Shares Outstanding	0.71	0.76	0.63	0.71	0.69	0.62	-0.39	-0.42	0.61	0.36	0.72	0.51	0.51	0.7		0.62	0.56	0.4	0.83	0.72	0.47	0.64	0.21	0.13	0.36	0.42
Non Current Liabilities Total	0.94	0.81	0.83	0.83	0.92	0.94	-0.7	0.11	0.71	0.73	0.79	0.54	0.79	0.79	0.62		0.78	0.55	0.88	0.88	0.91	0.91	0.08	-0.2	0.12	0.81
Inventory	0.79	0.81	0.7	0.9	0.76	0.81	-0.4	0.05	0.95	0.44	0.62	0.81	0.48	0.91	0.56	0.78		0.78	0.74	0.91	0.87	0.79	0.12	-0.25	0.1	0.73
Other Current Assets	0.45	0.71	0.6	0.82	0.38	0.66	0.09	-0.07	0.84	-0.04	0.56	0.81	-0.01	0.68	0.4	0.55	0.78		0.4	0.77	0.65	0.36	0.24	0.14	0.05	0.41
Other Stockholder Equity	0.95	0.77	0.76	0.8	0.94	0.83	-0.72	-0.19	0.7	0.72	0.79	0.53	0.82	0.82	0.83	0.88	0.74	0.4		0.85	0.76	0.92	0.14	-0.13	0.23	0.7
Total Liab	0.88	0.84	0.86	0.99	0.84	0.94	-0.41	-0.03	0.94	0.45	0.85	0.84	0.55	0.91	0.72	0.88	0.91	0.77	0.85		0.87	0.82	0.14	-0.11	0.26	0.76
Property Plant And Equipment Gross	0.85	0.84	0.75	0.83	0.83	0.94	-0.64	0.17	0.79	0.69	0.64	0.64	0.66	0.75	0.47	0.91	0.87	0.65	0.76	0.87		0.85	0.12	-0.35	-0.07	0.79
Total Current Assets	0.98	0.72	0.8	0.75	0.98	0.84	-0.8	0.16	0.69	0.82	0.7	0.5	0.91	0.84	0.64	0.91	0.79	0.36	0.92	0.82	0.85		-0.08	-0.44	0.23	0.88
Short Term Debt	-0.03	0.3	-0.26	0.17	-0.06	0.1	-0.02	-0.63	0.11	0.02	0.1	0.04	-0.15	-0.08	0.21	0.08	0.12	0.24	0.14	0.14	0.12	-0.08		0.62	-0.46	-0.27
Intangible Assets	-0.31	-0.03	-0.31	-0.04	-0.34	-0.19	0.43	-0.66	-0.14	-0.43	0.11	-0.07	-0.48	-0.25	0.13	-0.2	-0.25	0.14	-0.13	-0.11	-0.35	-0.44	0.62		-0.15	-0.55
Short Term Investments	0.31	-0.05	0.5	0.27	0.31	0.14	0.19	0.25	0.26	-0.2	0.45	0.28	0.18	0.46	0.36	0.12	0.1	0.05	0.23	0.26	-0.07	0.23	-0.46	-0.15		0.42
Common Stock	0.89	0.56	0.82	0.71	0.89	0.8	-0.57	0.54	0.7	0.61	0.7	0.55	0.77	0.8	0.42	0.81	0.73	0.41	0.7	0.76	0.79	0.88	-0.27	-0.55	0.42

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OraSure Technologies Account Relationship Matchups

OraSure Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	349.3M	454.5M	461.0M	444.7M	482.8M	507.0M
Other Current Liab	17.8M	18.6M	28.6M	21.4M	19.3M	20.3M
Total Current Liabilities	32.7M	46.5M	68.1M	70.4M	39.5M	41.5M
Total Stockholder Equity	307.1M	398.6M	380.5M	363.6M	430.7M	452.2M
Property Plant And Equipment Net	37.3M	51.9M	88.2M	59.4M	58.3M	61.2M
Net Debt	(70.1M)	(154.7M)	(104.5M)	(71.4M)	(276.9M)	(263.1M)
Retained Earnings	(82.5M)	(97.5M)	(120.5M)	(138.4M)	(83.9M)	(88.1M)
Accounts Payable	9.6M	17.4M	28.0M	38.0M	13.2M	13.8M
Cash	75.7M	160.8M	116.8M	84.0M	290.4M	304.9M
Non Current Assets Total	124.7M	165.6M	172.6M	119.0M	96.4M	101.2M
Non Currrent Assets Other	2.3M	6.6M	10.5M	12.4M	1.2M	2.0M
Cash And Short Term Investments	156.3M	209.4M	153.0M	110.8M	290.4M	304.9M
Net Receivables	36.9M	38.8M	45.3M	70.8M	40.2M	42.2M
Common Stock Shares Outstanding	62.2M	67.5M	72.0M	72.5M	74.4M	44.7M
Liabilities And Stockholders Equity	349.3M	454.5M	461.0M	444.7M	482.8M	507.0M
Non Current Liabilities Total	9.4M	9.4M	12.4M	10.7M	12.6M	13.3M
Inventory	23.2M	31.9M	53.1M	96.2M	47.6M	50.0M
Other Current Assets	8.1M	8.8M	36.9M	47.8M	8.3M	10.3M
Other Stockholder Equity	401.8M	505.1M	511.1M	520.4M	529.5M	556.0M
Total Liab	42.2M	55.9M	80.5M	81.1M	52.2M	54.8M
Property Plant And Equipment Gross	37.3M	57.6M	160.9M	141.0M	143.4M	150.6M
Total Current Assets	224.6M	288.9M	288.4M	325.7M	386.5M	405.8M
Accumulated Other Comprehensive Income	(12.1M)	(9.1M)	(10.1M)	(18.4M)	(14.9M)	(14.2M)
Intangible Assets	14.7M	17.9M	14.3M	11.7M	1.2M	1.1M
Short Term Investments	83.0M	68.1M	80.6M	48.6M	36.3M	26.9M
Common Stock	258.1M	283.4M	307.1M	380.5M	437.6M	459.5M
Other Liab	3.9M	4.9M	12.4M	1.1M	1.3M	2.4M
Other Assets	3.2M	7.7M	50.4K	60.6K	54.6K	51.8K
Property Plant Equipment	37.3M	51.9M	88.2M	59.4M	68.3M	71.7M
Current Deferred Revenue	3.7M	4.8M	2.9M	2.3M	1.6M	1.5M
Net Tangible Assets	256.3M	340.3M	325.9M	316.8M	364.3M	221.1M
Good Will	36.2M	40.4M	40.3M	35.1M	35.7M	30.4M
Capital Surpluse	401.8M	505.1M	511.1M	520.4M	598.5M	429.9M
Non Current Liabilities Other	3.0M	8.2M	12.4M	10.7M	696K	661.2K
Net Invested Capital	307.1M	398.6M	380.5M	363.6M	430.7M	380.6M

Pair Trading with OraSure Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if OraSure Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in OraSure Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving against OraSure Stock

0.71	DXCM	DexCom Inc	Pair Corr
0.67	VREX	Varex Imaging Corp	Pair Corr
0.61	DOCS	Doximity	Pair Corr
0.58	OM	Outset Medical	Pair Corr
0.56	GH	Guardant Health	Pair Corr

The ability to find closely correlated positions to OraSure Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OraSure Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back OraSure Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling OraSure Technologies to buy it.

The correlation of OraSure Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OraSure Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OraSure Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for OraSure Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for OraSure Stock Analysis

When running OraSure Technologies' price analysis, check to measure OraSure Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OraSure Technologies is operating at the current time. Most of OraSure Technologies' value examination focuses on studying past and present price action to predict the probability of OraSure Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OraSure Technologies' price. Additionally, you may evaluate how the addition of OraSure Technologies to your portfolios can decrease your overall portfolio volatility.

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